Deutsche Bank Aktiengesellschaft Lowers Salesforce (NYSE:CRM) Price Target to $340.00

Salesforce (NYSE:CRM) had its price objective lowered by investment analysts at Deutsche Bank Aktiengesellschaft from $400.00 to $340.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the CRM provider’s stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 35.78% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Mizuho lowered their target price on shares of Salesforce from $425.00 to $380.00 and set an “outperform” rating on the stock in a research note on Thursday, May 15th. Barclays lowered their target price on shares of Salesforce from $347.00 to $316.00 and set an “overweight” rating on the stock in a research note on Monday, August 18th. Cantor Fitzgerald restated an “overweight” rating and set a $325.00 target price on shares of Salesforce in a research note on Thursday. Needham & Company LLC restated a “buy” rating and set a $400.00 target price on shares of Salesforce in a research note on Thursday. Finally, Royal Bank Of Canada lowered their target price on shares of Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $331.34.

Salesforce Trading Up 2.6%

Shares of CRM stock opened at $250.40 on Thursday. Salesforce has a 1 year low of $226.48 and a 1 year high of $369.00. The firm has a fifty day moving average price of $255.64 and a 200-day moving average price of $267.08. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $239.39 billion, a price-to-earnings ratio of 36.40, a PEG ratio of 2.21 and a beta of 1.22.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.34%. The firm had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the firm posted $2.56 EPS. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. As a group, equities analysts predict that Salesforce will post 7.46 earnings per share for the current year.

Insider Activity

In other news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $241.50, for a total transaction of $543,375.00. Following the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,876,644,396.50. This represents a 0.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 66,077 shares of company stock worth $16,885,773. 3.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Salesforce

Several hedge funds have recently made changes to their positions in CRM. Vanguard Group Inc. boosted its stake in Salesforce by 1.0% during the second quarter. Vanguard Group Inc. now owns 88,823,481 shares of the CRM provider’s stock worth $24,221,275,000 after buying an additional 909,853 shares during the period. State Street Corp boosted its stake in Salesforce by 1.6% during the second quarter. State Street Corp now owns 49,260,918 shares of the CRM provider’s stock worth $13,452,998,000 after buying an additional 776,300 shares during the period. Geode Capital Management LLC boosted its stake in Salesforce by 0.6% during the second quarter. Geode Capital Management LLC now owns 20,873,900 shares of the CRM provider’s stock worth $5,669,224,000 after buying an additional 114,504 shares during the period. Norges Bank purchased a new position in Salesforce during the second quarter worth $2,826,049,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Salesforce by 6.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider’s stock worth $2,484,616,000 after buying an additional 600,386 shares during the period. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

About Salesforce

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.